EURUSD profit target reached, prepare to turn bearish againSell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708.
Reason for the trading strategy (technically):
Price has reached our profit target perfectly from previously. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) has made a bearish exit previously and still remains in a bearish configuration.
Eurusddaily
EURUSD remain bearish below major resistanceSell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708.
Reason for the trading strategy (technically):
Price reacted really nicely from our selling area. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) is seeing a reaction off our 93% level of resistance.
RSI (34) is also seeing a reaction off our 65% level of resistance.
EURUSD: Approaching profit target, remain bullishBuy above 1.0590. Stop loss at 1.0450. Take profit at 1.0850.
Reason for the trading strategy:
Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance).
RSI (34) is seeing a strong ascending support line holding price up.
Stochastic (21,5,3) is seeing a strong ascending support line pushing it up.
Bearish Cypher setting up on the daily! E/UCypher pattern spotted on the daily. Before the cypher takes off and gives us a possible bullish run i'm expecting it to push a little further down to my C point. i already have a sale in play. there is 161 pips left until our C leg completes. My C point is also at a Large Quarter point so look for possible BUYS there moving up to complete our C to D leg!
EUR/USD, DAY, NEUTRAL-SHORT (20-NOV-2016)Right now, we need to pay attention to the support zone near 1.054x area.
1. If the price breaks the support zone, we will look for opportunity to short when there is weak pull back (Highly Likely)
-If it really break the support zone, it will be a nice risk/reward trade :)
2. If the price bounces back from the support zone, it might move sideway or bounce back higher. (unlikely due to the strong strength of USD)
We will monitor this currency pair closely and update accordingly! :)
EURUSD ForecastEURUSD is still well and truly bearish after negative ECB news, causing a breakout through the support (now turned Resistance) level.
Price is currently trying to break even lower from the local trendline , which would see EURUSD head towards the bottom of the long-term Major Trendline. From there we expect a bounce back towards Resistance before falling towards Major Support at Potential Reversal Zone 2.
Trading Ideas:
Short EURUSD
Trade trendline breakout
EURUSD Bullish ReversalEURUSD is forming a W pattern on the 1H chart indicating a possible bullish breakout in the near future.
The W is within the potential reversal zone which makes it significant.
We expect price to travel up the 4th leg of the W before breaking resistance and moving towards the 200 MA.
EURUSD-Short Position - 300 PipsIt's a potential short position for 300 pips.
Based on AB=CD And Gann Analysis
If you want to get in this trade from this 1.10450-1.10550, you can still catch 130 pips till TP1 is reached, however there may be a slight pullback., It is recommended to enter with a smaller lot size if you want short right away.
TP & SL are mentioned in the chart.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity
however there may be a slight pullback.
EURUSD-Short Position For Atleast 300 Pips.Based on AB=CD And Gann Analysis, It's a potential short position for 300 pips.
TP & SL are mentioned in the chart.
If anyone wants to get in this trade from 1.10550 - You can still catch 130 pips (TP1),however there may be a slight pullback.
It is recommended to go with a small lot size if you want to get in this trade right away.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Forex Market Analysis and Trading Tips - 28th June 2016 - EURUSDI know a lot have been asking me for my outlook on EUR after last weeks events so instead of getting back to you all individually I thought this idea was the best course of action, do let me know your thoughts and as always your likes are most welcome!
SUMMARY:
The EURUSD pair bounced slightly during the course of the day on Wednesday, using the 1.1030 level as support. At this point in time, the market is looking bearish. The primary trend of EURUSD is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1190 and support at the level of 1.1030. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it.
Thanks for your continued support,
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EUR/USD MONTHLY OUTLOOK WITH 'THEBANKER' 27/06/2016 Happy to be back on Tradingview guys, hope you are all enjoying Brexit profits, please continue your support by giving this a like and comment!
SUMMARY:
The EURUSD-0.60% pair fallen slightly during the course of the day on Friday, broken the 1.1095 level as support. At this point in time, the market is looking bearish . The primary trend of EURUSD-0.60% is bearish on charts and price is trading below its support trend line in its daily chart . In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1100 and support at the level of 1.1040. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
EURUSD-0.60% is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it.
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Weekly Trend Finder, EUR/USD Trend is your Friend!Hello!
First things first, I wish you a fantastic trading week!
This is weekly template for Eur/Usd.
What it does is shows you the trend for week, and as you know, trend is your friend!
Once DSRA or DSSA is broken ( 21 pip ) we can say that trend is found!
Here is the last weeks template - screenshot postimg.org
So this is how it works, I guess DSSA will be broken since Weekly Sentiment is down bellow it.
Once broken, we can open some position! :)
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Short trade on Template 1 EUR/USDHello.
As you may know, we are still short since yesterday and we took shorts based on yesterdays template 1.
Video here - www.youtube.com , since prices are predetermined we don't care that we got in DD, it will hit the TP since this pair is smelling short.
This here is Daily template 1 for Eur/Usd for 20.04.2016, pretty simple yet powerful.
We will update if there is a trade based on this template today during the day.
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Can You Work Without SL? Daily Template for EUR USD 21.04.2016Howdy!
We closed our trades ITM since Tuesdays Daily Template 1 gave us a trade opportunity ( short ) And 20.04.2016 in evening TP was reached! Since it did not reach Tuesdays Daily Sentiment which was 1.1290 it reached it yesterday ( Wednesday ), and hit our TP. So here you go, Template for today, you can download it for free for your MT4 platform.
Best setup for next SHORT will be if it now goes a little bit UP since Daily Trend level is above DSRA, and then we could short from DSRA or DT level. Overall it has to go down anyway, so we just look for the best entry! I will update during the day!
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